Streetbeat News

Partnerships

MDT

Arecor and Medtronic Diabetes have announced a collaboration to develop a novel thermostable insulin for use in implantable pump delivery systems. This partnership aims to enhance the management of diabetes by leveraging Arecor's formulation technology to create insulins that are more stable at body temperature, potentially improving patient outcomes and convenience.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:12 pm

RIVN

TSLA

Rivian Automotive Inc (NASDAQ:RIVN) plans to open its EV charging network, the Rivian Adventure Network, to rival EV drivers this summer, following Tesla Inc.'s (NASDAQ:TSLA) move to open its Supercharger network to non-Tesla EVs, including Rivian. This strategy aims to turn the charging network into a profit center and meet requirements for government grants to expand fast chargers in the U.S. Rivian reported a Q1 revenue of $1.20 billion, surpassing estimates, but with a larger loss per share than expected. The company maintains high liquidity with $9.05 billion in total.

Portfolio Pulse from Anan Ashraf

May 09, 2024 | 12:05 pm

TGL

Treasure Global's subsidiary ZCITY has secured a $2M marketing contract from Satria Dunia Sdn Bhd to promote Korean beauty products using its AI Marketing Engine. This development highlights the capabilities of ZCITY's technology in leveraging artificial intelligence for marketing purposes.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:04 pm

DHR

Danaher Corporation has initiated a collaboration with Johns Hopkins University through the Danaher Beacon for Brain Injury Diagnostics project, focusing on the early and precise identification of mild Traumatic Brain Injury (TBI) using new blood-based biomarkers and Beckman Coulter Diagnostics' sensitive technology. This method may also be applicable to diagnosing other neurological conditions.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 12:00 pm

AAPL

SSNLF

Industry speculation suggests that Apple may partner with Samsung Display to develop foldable displays, according to a report by DigiTimes. This potential partnership could signal Apple's entry into the foldable device market, leveraging Samsung Display's expertise in the area.

Portfolio Pulse from Charles Gross

May 09, 2024 | 11:48 am

BEEM

Beam Global has announced that the Federal Railroad Administration has ordered its EV ARC solar-powered EV charging systems to charge fleet vehicles at the Transportation Technology Center. This order is part of the efforts to service the federal fleet, which consists of approximately 657,500 vehicles.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:16 am

PENN

PENN Entertainment shares are trading higher following the announcement that ESPN Bet, on Wednesday, was named the official sports betting sponsor of the PGA Championship through 2026. This partnership highlights PENN's strategic move into sports betting sponsorship and its potential impact on the company's market position and brand visibility in the sports betting industry.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:12 am

INFY

Infosys (NYSE:INFY) has entered into a three-year strategic partnership with the ABB FIA Formula E World Championship as its official Digital Innovation Partner. This collaboration aims to leverage Infosys' expertise in digital services and consulting to provide in-race analytics, enhance fan engagement experiences, and improve sustainability reporting and tracking for the electric car motorsport championship.

Portfolio Pulse from Charles Gross

May 09, 2024 | 10:09 am

DIS

WBD

Walt Disney Co. (NYSE:DIS) and Warner Bros. Discovery (NASDAQ:WBD) are collaborating to offer a new streaming bundle, including Disney+, Hulu, and Max, launching in the U.S. this summer. CNBC's Alex Sherman dubbed this the 'great rebundling,' indicating a trend towards more media partnerships. The bundle will have both ad-supported and ad-free options, with pricing details to be announced. This collaboration is part of Disney's strategy to enhance its streaming services, alongside securing NBA rights and adjusting its Marvel content strategy.

Portfolio Pulse from Benzinga Neuro

May 09, 2024 | 9:50 am

VLRS

Volaris and Frontier Airlines have reactivated their codeshare agreement, enhancing connectivity between the U.S. and Mexico. This partnership allows Frontier customers to book flights to Mexico via Volaris starting May 16th, 2024. Volaris operates over 460 daily flights, connecting 44 cities in Mexico and 29 in the U.S., Central, and South America, including major destinations like Mexico City and Cancun.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:36 am